In our last post, we began speaking about seeking punitive damages in hit-and-run cases. As we noted last time, even when they are awarded, the collection of punitive damages—or compensatory damages for that matter—isn’t always possible due to offending motorist’s lack of insurance and financial solvency.
Recent posts on this blog have focused on the issue of what damages may be available in hit-and-run accident cases in Colorado. We’ve already spoken briefly about economic and non-economic damages. There is another type of damages, though, that we would like to discuss in this post: punitive damages.
In our last post, we began speaking about the distinction between economic and non-economic damages. As we noted, non-economic damages include a variety of losses that cannot be readily measured in monetary terms, and many states put caps on these damages in order to make sure that juries don’t come up with excessive awards.